Friday, November 19, 2010

Analyst Actions on Chinese Stocks: ALN, AMAP, CHLN, CREG, CRTP, CSIQ, HEAT, HSFT ... (Nov 18, 2010)

Below are today's Analyst Actions on U.S.-Listed Chinese Stocks . Global
Hunter Securities reiterated Buy rating and $6 price target on American Lorain
Corporation (AMEX:ALN). Oppenheimer & Co. maintained Outperform rating on
AutoNavi Holdings Ltd (NASDAQ:AMAP), and raised price target from $20 to $22.
Global Hunter Securities reiterated Buy rating and $5.50 price target on China
Housing & Land Development, Inc. (NASDAQ:CHLN). Gar Wood Securities maintained
Buy rating and $6 price target on China Recycling Energy Corp. (NASDAQ:CREG).
Global Hunter Securities maintained Buy rating and $5.50 price target on China
Ritar Power Corp. (NASDAQ:CRTP). Barclays Capital maintained Equal Weight rating
on Canadian Solar Inc. (NASDAQ:CSIQ), and raised price target from $11 to $14.
BMO Capital Markets reiterated Outperform rating on SmartHeat Inc (NASDAQ:HEAT),
and cut price target from $12 to $10. Deutsche Bank maintained Buy rating and
$28 price target on HiSoft Technology International Limited (NASDAQ:HSFT).
Stifel Nicolaus maintained Buy rating on HiSoft Technology International Limited
(NASDAQ:HSFT), and raised price target from $19 to $36. Soleil Securities
downgraded LDK Solar Co., Ltd. (NYSE:LDK) from Buy to Sell, and cut price target
from $18 to $8. Deutsche Bank maintained Buy rating and $45 price target on
Longtop Financial Technologies Limited (NYSE:LFT). Piper Jaffray maintained
Overweight rating on Mindray Medical International Limited (NYSE:MR), and cut
price target from $34 to $33. Roth Capital Partners downgraded China Nepstar
Chain Drugstore Ltd. (NYSE:NPD) from Buy to Neutral, and cut price target from
$4.00 to $3.50. Goldman Sachs maintained Neutral rating and $39 price target on
NetEase.com, Inc. (NASDAQ:NTES). Citigroup maintained Buy rating on NetEase.com,
Inc. (NASDAQ:NTES), and raised price target from $50 to $51. Deutsche Bank
maintained Hold rating and $40 price target on NetEase.com, Inc. (NASDAQ:NTES).
Deutsche Bank maintained Hold rating on SINA Corporation (NASDAQ:SINA), and
raised price target from $55 to $58. Samsung Securities maintained Hold rating
on SINA Corporation (NASDAQ:SINA), and raised price target from $51 to $60.
Standard Chartered reiterated Outperform rating on SINA Corporation
(NASDAQ:SINA), and raised price target from $44 to $64. Macquarie maintained
Neutral rating and HK$6.75 price target on the Hong Kong-listed shares of China
Petroleum & Chemical Corp. (NYSE:SNP). Morgan Stanley reiterated Overweight
rating on Spreadtrum Communications, Inc. (NASDAQ:SPRD), and raised price target
from $15.20 to $17.40. Canaccord Genuity maintained Hold rating on Spreadtrum
Communications, Inc. (NASDAQ:SPRD), and raised price target to $17 from $14.
Roth Capital Partners maintained Buy rating and $13 price target on SkyPeople
Fruit Juice, Inc. (AMEX:SPU). Citigroup upgraded Suntech Power Holdings Co.,
Ltd. (NYSE:STP) from Sell to Hold, and raised price target from $7 to $8.50.
Credit Suisse maintained Underperform rating and $6.75 price target on Suntech
Power Holdings Co., Ltd. (NYSE:STP). Jefferies & Company maintained Hold rating
on Suntech Power Holdings Co., Ltd. (NYSE:STP), and cut price target from $11 to
$10. Collins Stewart maintained Buy rating on Suntech Power Holdings Co., Ltd.
(NYSE:STP), and cut price target from $12 to $10. Citigroup maintained Buy
rating on VanceInfo Technologies Inc. (NYSE:VIT), and raised price target from
$30 to $41. Jefferies & Company maintained Buy rating and $41 price target.
Deutsche Bank initiated coverage of WuXi PharmaTech (Cayman) Inc. (NYSE:WX) with
Buy rating and $22 price target.

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